According to Wu, Ether Machine announced the completion of a private sale financing worth $654 million, funded by early Ethereum supporter Jeffrey Berns with 150,000 ETH, who will also join the company's board. The company expects to list on NASDAQ next quarter with assets exceeding 495,000 ETH (currently valued at approximately $2.1 billion), while Citibank will lead a new round of financing of at least $500 million. Ether Machine was formed by the merger of Ether Reserve and the shell company Dynamix Corporation, originally planning to raise over $1.6 billion.